the ideal length of your business plan
How continued should a bag aim be? A bag aim needs to be whatever length is required to excite the investor, prove that management truly understands the marketplace, and detail the execution strategy. From surveys of investor needs, Growthink has activate that 15 to 25 pages of content is the optimum length in which to accomplish this. Any added and the age-constrained investor will be forced to skim certain sections of the aim, even if they are generally absorbed, which could advance them to miss chief elements. Any less and the investor will anticipate that the bag has not been fully anticipation buttoned up, or will simply not accept enough advice to accomplish an investment accommodation.

Abounding management teams air that their company is too circuitous to call in 15 to 25 pages. While this is sometimes accurate, the bag aim is not meant to acquaint the entire adventure. Rather, the company must be “boiled down” into its chief elements. If the investor is absorbed, there will be plenty of supplementary age to acquaint the entire adventure.

Bag plans, according to other marketing communications documents, should be visually appealing and accessible-to-peruse. This can be accomplished by using charts and graphics and by formatting the aim for readability. Effectively using these techniques will enable the investor to added quickly and easily accept the company’s amount proposition within fewer pages.

While the body of the bag aim should be 15 to 25 pages, the Appendix can be used for supplemental advice. The Appendix should accommodate a full set of financial projections, and as adapted, mechanical and/or workable drawings, association and/or customer agreements, expanded competitor reviews, and lists of answer customers among others.

If the Appendix is continued, a divider should be used to separate it from the body of the aim, or a separate Appendix document should be prepared. These techniques arrange that the investor is not handed a thick bag aim, which will accomplish them queasy before even opening it up.

To summarize, the ambition of the bag aim is to actualize absorption – not to accept an investor inscription you a check. In creating absorption, the full adventure of your company charge not be told. Rather, the aim should accommodate the chief elements regarding why an investor should invest and spend added age examining the bag befalling. The shorter length does not beggarly that your bag aim should booty less age to prepare. Rather, it will booty added age. As Mark Twain once said, “If I had added age, I would inscription a shorter adventure.” Likewise, condensing your bag aim to a concise, compelling document is challenging and age consuming. Fortunately the rewards are cogent.

About the author:
As President of Growthink Bag Plans, Dave Lavinsky has helped the company alter to one of the premier bag aim adding to firms. Since its inception, Growthink has developed over 200 bag plans. Growthink clients accept collectively raised over $750 million in financing, launched abundant advanced product and service lines and gained competitive advantage and marketplace share.

Originall posted July 7, 2012